Tag Archives: sales management

How to Make Your Sales Pitches More Persuasive

By Jeff Beals

We all know that certain kind of person who is so persuasive, he could “sell sawdust to a lumber mill” or “charm wallpaper off a wall.”

Some people are so persuasive they can seemingly talk anybody into anything.  How do they do that?  It helps to possess charisma, but persuasive people tend to employ certain techniques, things we can all use to make our personal and professional lives more successful.

In the 1930s, Professor Alan Monroe of Purdue University married the art of presentation with the psychology of persuasion.

The result of his scholarly work became known as Monroe’s Motivated Sequence, a concept that is still pertinent for today’s professionals. The concept was originally intended to help orators structure persuasive speeches, but it’s equally applicable for a variety of other purposes – making a sales presentation, pitching a proposal or trying to talk your boss into making a certain decision.

Whether you’re addressing a large group or a pitching a single decision maker, keep Monroe in mind as you plot your sales presentations. Monroe’s Motivated Sequence advises presenters to build their case using five distinct steps completed in exact order.

First comes the attention-getter in which you introduce a problem by jolting the audience with something bold and unexpected—a story, quote, disturbing statistic or a big “bet-you-didn’t-know” statement.

Step two is need. This is where you prove the problem is significant and worthy of the listener’s attention. You also want to cast the need as something that won’t be solved without the right approach by the right person or organization.

Monroe’s third step is known as satisfaction. Here you prove that you have the solution to the previously mentioned problem.

In step four, visualization, you paint a picture of how wonderful life will look in the future if they accept and implement your solution. You also portray how terrible things will be if they ignore your recommendations.

Finally, in step five, you tell the audience what action they should take. This is the big finish, where you powerfully and motivationally tell them to go do it!

Think about the presentations, pitches and proposals you make.  Ask yourself how they fit into Monroe’s outline. Are you skipping a step or two?  Many salespersons start with step three, the solution, without making the case strongly enough that a solution is necessary in the first place. Structure your persuasive pitch in such a way that makes the targeted listener more acquiescent to what you are pitching. Make them yearn for your solution intensely before you tell them about it.

Your pitches and sales presentations must follow a logical format that feels right to the listener and syncs with their sense of order. The approach needs to build a persuasive case efficiently and effectively. Persuasive presentations must conform to human nature, which has remained static for ages. If you use human nature in your favor, the presentation is more likely to be successful. If you fight human nature, you’re engaging in futility.

As the late Zig Ziglar once said, “People do things for their reasons, not yours.” Focus on what the listener values during the presentation and take time to draw them in by asking clarifying questions and tying things back to what they told you during earlier communications.

In the end, being persuasive really isn’t a matter of “selling ice to an Eskimo” or “talking a bird out of a tree,” rather it’s about finding what people value and then using the right techniques to convince them that you’re capable of delivering that value.

By the way, as I was looking up colloquialisms about persuasiveness for this article, my favorite was, “He could talk a dog off a meat wagon.”  Now, that’s persuasive.

Jeff Beals shows you how to find better prospects, close more deals and capture greater market share.  Jeff is an international award-winning author, sought-after keynote speaker, and accomplished sales consultant. A frequent media guest, Jeff has been featured in Investor’s Business Daily, USA Today, Men’s Health, Chicago Tribune and The New York Times.”

Here’s Why Should You Choose Jeff Beals as Your Next Speaker:

“Jeff Beals has presented four different topics at five of our internal events this year. At each event, the audience of commercial real estate principals and agents was completely engaged and motivated the entire time. Jeff facilitates his training sessions in such a way that each member of the audience was able to relate and understand how to apply it every day in the field. Jeff is brilliant, and we have hired him to continue speaking at our events next year!” – Lindsay Fierro, Senior Vice President, NAI Global, New York, NY

I’m in Phoenix and had breakfast earlier this morning with our semi-retired sales representative who is doing some continued work for us here.  He attended your sales meeting last week and told me that in 43 years of selling, you were the best he had ever heard.  Thanks for a great experience.” – Drew Vogel, President & CEO, Diamond Vogel Paints, Orange City, IA

“Our corporate partnership team had great takeaways regarding how to network smarter while also understanding the importance of our personal brand to current and prospective partners. Jeff does a great job weaving in real-world examples and how you can apply his teachings to growing your business and building long-term partnerships.” – Jason Booker, Senior Director of Corporate Sponsorships, The Kansas City Royals Major League Baseball Team

+1-402-637-9300

info@jeffbeals.com

The 5 Best Ways to Build Trust With Your Clients

By Jeff Beals

Here are a couple indisputable truths about today’s business environment:

  1. Sales cycles are much faster than they were 10 years ago.
  2. Buyers are distracted and under much more pressure than they were in earlier times.

Because we now operate in a frenzied selling environment, some sales professionals believe there is no longer a need to develop trust. They argue that there’s not enough time to build trusting relationships, and even when you do have time, many buyers prefer to keep their vendors at arm’s length.

I disagree.

True, sales professionals must try harder to build trust, but the end result is well worth the effort.  The good news is that you don’t have to go from not knowing someone to lifelong confidant in one setting.  Build trust a little bit at a time.  When you first meet a prospective client, get to know them, build rapport and establish a relationship.  As you get serious about doing business together, there are five ways you can develop trust.  Keep doing these things over time, and you’ll develop a close friendship with a person who will become one of your all-time best clients.

Communication

Those sales professionals who go out of their way to communicate tend to build trust quicker and more deeply with clients. Detailed and timely communication removes suspicions and reassures clients.  Tell the truth and don’t procrastinate when you need to tell prospects things they don’t want to hear.  As former U.S. Secretary of State Colin Powell once said, “Bad news isn’t wine. It doesn’t improve with age.”

Another important part of communication is to say you are sorry when appropriate. It’s amazing how much an earnest and sincere apology can boost trust.

Moment of Truth

At some point in any given relationship, you will encounter a moment of truth, a time in which you will be faced with an important decision. How you decide to act determines if you “pass” the moment of truth.  If you do pass it, you build trust.  Fail it and the relationship could be irreparably damaged.

What are some moment-of-truth examples? When it’s tempting to lie but you tell the truth.  When you have a choice to do something in your interest or your client’s interest and you choose the client’s. When you go the extra mile to help clients achieve their goals. When you screw up and do everything in your power to fix the situation.

Moments of truth are opportunities.  Embrace them as a chance to prove your trustworthiness and advance the relationship.  Every time you pass a moment of truth, no matter how small, trust becomes at least a little deeper.

Predictability

People trust other people whose behavior is predictable. If you are the type of person who responds to challenges in a consistently professional manner, you come across as trustworthy.

The best predictor of a person’s future actions is frequent past behavior. If you consistently establish frequent past behavior that is trustworthy, it will be much easier for you to be trusted in the future.

Social Proof

Robert Cialdini, the so-called “Godfather of Influence,” believes that social proof is one of the most important components of influence. You are far more likely to persuade someone’s thinking if you remember that “people follow the lead of similar others.”

Cialdini cited a study in which researchers went door-to-door collecting donations for a charity. When people answered the door, the researchers showed them a list of neighborhood residents who had already donated to the charity. The longer the donor list, the more likely prospective donors were to contribute.

In another study, New York City residents were asked to return a lost wallet to its owner. The New Yorkers were highly likely to attempt to return the wallet when they learned that another New Yorker had previously attempted to do so. But learning that someone from a foreign country had tried to return the wallet didn’t sway their decision one way or the other.

If social proof is so powerful, does it not make sense that you can more quickly build trust if respected people advocate on your behalf?  Smart sales practitioners assemble a group of past and current clients who can provide social proof and thus convey a greater sense of trustworthiness to future clients.

Rapid Responsiveness

Because all of humanity’s assembled knowledge is available on the little smart phones we carry in our pockets, people have become accustomed to getting any desired information immediately. That means we have to be ultra responsive to our prospects and current customers.  It’s no longer okay to wait 24 hours to return a message.  It must be done immediately.

Now that so much information is readily available, and people expect lightning-fast responses, you are now viewed as “untrustworthy” if you’re a slow communicator.  It’s almost people think you’re incompetent or perhaps hiding something if you take too long.  Speed is now equated with trust.

In closing, those who flourish in sales for many years endure because they put a premium on people. They build trusting relationships not just for financial gain but because it’s also the right thing to do.

Jeff Beals shows you how to find better prospects, close more deals and capture greater market share.  Jeff is an international award-winning author, sought-after keynote speaker, and accomplished sales consultant. A frequent media guest, Jeff has been featured in Investor’s Business Daily, USA Today, Men’s Health, Chicago Tribune and The New York Times.”

Here’s Why Should You Choose Jeff Beals as Your Next Speaker:

“Jeff Beals has presented four different topics at five of our internal events this year. At each event, the audience of commercial real estate principals and agents was completely engaged and motivated the entire time. Jeff facilitates his training sessions in such a way that each member of the audience was able to relate and understand how to apply it every day in the field. Jeff is brilliant, and we have hired him to continue speaking at our events next year!” – Lindsay Fierro, Senior Vice President, NAI Global, New York, NY

I’m in Phoenix and had breakfast earlier this morning with our semi-retired sales representative who is doing some continued work for us here.  He attended your sales meeting last week and told me that in 43 years of selling, you were the best he had ever heard.  Thanks for a great experience.” – Drew Vogel, President & CEO, Diamond Vogel Paints, Orange City, IA

“Our corporate partnership team had great takeaways regarding how to network smarter while also understanding the importance of our personal brand to current and prospective partners. Jeff does a great job weaving in real-world examples and how you can apply his teachings to growing your business and building long-term partnerships.” – Jason Booker, Senior Director of Corporate Sponsorships, The Kansas City Royals Major League Baseball Team

+1-402-637-9300

info@jeffbeals.com

K.I.S.S. for Sales Practitioners

By Jeff Beals

When I was a nine-year-old in 1978, my family went to an air show produced annually by the U.S. Air Force at Offutt Air Force Base. Countless aircraft were on display, and the Air Force even allowed guests to go inside some of the planes.

But there was one displayed aircraft that was roped off, and a couple intimidating security guards stood by making sure no guests went past the rope line. It was the SR-71 “Blackbird,” which just two years prior (in 1976), had set the world record as the fastest manned aircraft. The SR-71 achieved a speed of 3,530 kilometers per hour (2,193 mph). That meant it could travel from Los Angeles to New York City in little more an hour.

The SR-71 served the U.S. Airforce from 1964 to 1998 and not a single one was lost in combat. Ever since that day forty years ago, I’ve been fascinated by an airplane that could move so fast. I’m also fascinated that human beings had the capability of constructing such a thing in the early 1960s without the aid of computers and other current-day technology.

Despite all the detailed technicalities involved when Lockheed built the SR-71 in Burbank, California during that Cold War era, it was a surprising principle that guided the design engineers – simplicity.

Lockheed’s lead engineer was Clarence “Kelly” Johnson, who preached the importance of simplicity even when designing what would become the world’s fastest aircraft. Johnson once gave his designers a handful of ordinary tools, with the challenge that the aircraft they were designing must be repairable by an average mechanic in the field under combat conditions with only those tools.

Additionally, Johnson developed an acronym that we still use today: K.I.S.S., which stands for “Keep It Simple Stupid.”

Ever since that time, U.S. military branches and countless companies and organizations have used that acronym as a reminder to professionals not to over complicated their work. I sometimes tell myself, “Keep It Simple Stupid” when I find myself making projects unnecessarily complicated.

I’m not sure why so many people are tempted to make things more complicated than necessary. Perhaps it’s some subconscious way for us to justify our professional purposes, our highly-paid jobs and our expensive college educations. Whatever the reason, too many of us fail to break it down and get it done.

Sales practitioners are just as guilty as any group of professionals when it comes to unwarranted complication:

How many of us spend copious amounts of time on excessive prospect research instead of just calling the prospect?

How many of us obsess over the perfect sales pitch with all the audio-visual bells and whistles as opposed to figuring out what prospects truly value and proving how our solution perfectly satisfies that value?

How many sales leaders bury themselves in their offices developing complicated systems as opposed to simply sitting down with their sales reps and coaching them one-on-one?

When you find yourself getting bogged down in needless minutiae for no apparent benefit, it’s time to give yourself a K.I.S.S. moment. Be like the legendary aerospace engineer Kelly Johnson and break things down to their simplest, most fundamental level.

If a commitment to simplicity can contribute to the development of the world’s fastest aircraft, what can it do for your sales practice?

Jeff Beals shows you how to find better prospects, close more deals and capture greater market share.  Jeff is an international award-winning author, sought-after keynote speaker, and accomplished sales consultant. A frequent media guest, Jeff has been featured in Investor’s Business Daily, USA Today, Men’s Health, Chicago Tribune and The New York Times.”

Here’s Why Should You Choose Jeff Beals as Your Next Speaker:

“Jeff Beals has presented four different topics at five of our internal events this year. At each event, the audience of commercial real estate principals and agents was completely engaged and motivated the entire time. Jeff facilitates his training sessions in such a way that each member of the audience was able to relate and understand how to apply it every day in the field. Jeff is brilliant, and we have hired him to continue speaking at our events next year!” – Lindsay Fierro, Senior Vice President, NAI Global, New York, NY

I’m in Phoenix and had breakfast earlier this morning with our semi-retired sales representative who is doing some continued work for us here.  He attended your sales meeting last week and told me that in 43 years of selling, you were the best he had ever heard.  Thanks for a great experience.” – Drew Vogel, President & CEO, Diamond Vogel Paints, Orange City, IA

“Our corporate partnership team had great takeaways regarding how to network smarter while also understanding the importance of our personal brand to current and prospective partners. Jeff does a great job weaving in real-world examples and how you can apply his teachings to growing your business and building long-term partnerships.” – Jason Booker, Senior Director of Corporate Sponsorships, The Kansas City Royals Major League Baseball Team

+1-402-637-9300

info@jeffbeals.com

Is Your Company Recruitment or Retention Focused?

By Jeff Beals

As a sales leader, you need a frank assessment of who you are and what your organization is really all about.

For instance, are you developing sales strategy for a “client-recruitment” or a “client-retention” shop? Some companies operate in industries or markets that are rich in prospective clients. Those are client-recruitment shops. Other companies exist in an environment of client scarcity. Those are client-retention shops.

Of course, you should always have a healthy respect for client retention. As the old saying goes, “It’s cheaper to keep a customer than to find a new one.” That said, some businesses have more opportunity to find and attract a steady stream of new clients. You have to know where you stand and in what arena you compete.

As you prepare your sales strategy, figure out how much of an emphasis you can place on client recruitment versus client retention. Look at your business honestly. Assess your industry, your marketplace and your standing within that marketplace.  The level of competitive pressure directly influences your sales strategy.

Financial resources can also play a role in sales strategy development. If your company is young, you might not have the sales and marketing budget to match that of your competitors.  Some sales leaders work for firms that don’t allocate “enough” resources to marketing and sales support.  In such cases, every client is precious.  You better make sure your client service level is high, because you’re not one of those companies than can count on a steady flow of clients.

If you do operate in an environment of client abundance, it doesn’t mean you can be slovenly – a sales team that is lazy and takes clients for granted.  But it does mean you can take more risks and have more bargaining power in price negotiations.

So, think about your company…Are you a “client-recruitment” company or a “retention-company.”  Adjust your plan accordingly.

Truth be told, you’re probably somewhere in the middle.  Think of it as a continuum with recruitment on one far end and retention on the other.

Jeff Beals shows you how to find better prospects, close more deals and capture greater market share.  Jeff is an international award-winning author, sought-after keynote speaker, and accomplished sales consultant. A frequent media guest, Jeff has been featured in Investor’s Business Daily, USA Today, Men’s Health, Chicago Tribune and The New York Times.”

Here’s Why Should You Choose Jeff Beals as Your Next Speaker:

“Jeff Beals has presented four different topics at five of our internal events in 2016. At each event, the audience of commercial real estate principals and agents was completely engaged and motivated the entire time. Jeff facilitates his training sessions in such a way that each member of the audience was able to relate and understand how to apply it every day in the field. Jeff is brilliant, and we have hired him to continue speaking at our events in 2017!” – Lindsay Fierro, Senior Vice President, NAI Global, New York, NY

“Your workshop was a huge experience for our attendees by giving them the opportunity to improve their work in the critical environment in which we are living today. Your talent as a speaker and your qualities as a person made the difference during your time with us. I would certainly recommend you to anyone who asks.” – Ana Paula Costa, Educational Planner, Febracorp, Sao Paulo, Brazil

I’m in Phoenix and had breakfast earlier this morning with our semi-retired sales representative who is doing some continued work for us here.  He attended your sales meeting last week and told me that in 43 years of selling, you were the best he had ever heard.  Thanks for a great experience.” – Drew Vogel, President & CEO, Diamond Vogel Paints, Orange City, IA

“Our corporate partnership team had great takeaways regarding how to network smarter while also understanding the importance of our personal brand to current and prospective partners. Jeff does a great job weaving in real-world examples and how you can apply his teachings to growing your business and building long-term partnerships.” – Jason Booker, Senior Director of Corporate Sponsorships, The Kansas City Royals Major League Baseball Team

+1-402-637-9300

info@jeffbeals.com

This Is Why You Don’t Accomplish All Your Goals

By Jeff Beals

Want to know why you don’t accomplish all your goals?

TRACKING!

It’s the magic ingredient that makes the goal-setting process so powerful.

If you write your sales goals and put them in a binder that sits on the top shelf of a little-used cabinet, you are wasting a golden opportunity. Check your sales goals at least once a quarter, preferably once a month.

As you read the goals, think about what you have and have not accomplished. Determine if you are on schedule. In other words, at the end of the first quarter, you should theoretically have accomplished 25 percent of your goals. At the end of the year, thoroughly review and evaluate your performance on each goal.

I keep past years’ goal-tracking information for a record of my life. If I’m ever feeling down on myself or if self-doubt ever creeps into my mind, I can pull out last year’s tracking form and remind myself that I have a lot to be proud of and that yes, I truly can and do produce results.

5 Ways to Be Fully Present in Your Work

By Jeff Beals

I was recently sitting by myself at a restaurant working on my laptop during lunch.  A group of four women was sitting next me. They seemed to be good friends who enjoyed each other’s company.

From time to time, they would say something that caught my attention, and I’d find myself eavesdropping a bit especially when they started talking about their husbands.

One of the four complained that her husband was traveling for work so much that it felt like he was never around. Then she said something particularly interesting: “But at least when he’s here, he does a good job of being fully present.”

“Fully present.”

What an interesting phrase.  What a particularly relevant phrase for life in 2017.

I knew exactly what she meant by “fully present.”  Many professionals are so busy and get so engrossed in their professional lives that they can’t seem to turn it off and slow down when they’re with family and friends.

As a husband, dad and busy guy who travels a fair amount for work, I can relate.  Don’t get me wrong; I love time with my family and friends, and they would probably say I’m fully present most of the time.  But not always.

There are times when my mind is elsewhere.  I’m not always fully present.  Upon hearing that woman in the restaurant, I wondered, “How often have I short-changed my kids during our time together because I was worried about a proposal deadline the next day?”

Daydreaming and preoccupation aren’t the only reasons people fail at being fully present.  Cell phones and iPads are more overt ways of detaching from people who are sitting right next to us.

It’s not just our family and friends for whom we must be fully present.  Many of us neglect and take for granted colleagues and clients.

I know of one CFO at a multi-billion-dollar company who is so disinterested during one-on-one meetings with his direct reports, that he pulls out his phone and plays Candy Crush right in the middle of their conversation.  He does it all the time.  It’s incredibly offensive.

If you have trouble being fully present in your professional life, it could come back to haunt you in the form of diminished career advancement and fewer clients. Here are five ways, you can make yourself more fully present in your work:

Attentive Mindset – When you’re with another person, whether it’s one of your employees or a prospective customer, you need to make that person feel like nobody in the world matters more at least during the time you’re together. Remember that the person you are with could say something that alters the trajectory of your career.  You might miss it if you’re not fully present.

Time Management – The more control you have over your time, the less likely you are to be preoccupied. If you are proactive and things are getting done on time, you’ll be under less pressure, thus making it more likely you can settle into the moment and actually enjoy time with people.

Mastering Technology – Make sure your technology works for you and not the other way around. CRM systems are a perfect example.  They have done wonders for the productive power of sales teams, but when they are used improperly, they lead to reduced communication, less face-to-face interaction and diminished trust between employees and bosses.

Break the Addiction – Looking at my phone is literally addictive. Every few minutes, even during meetings, I have an impulse to look at my phone.  Sometimes it is as if my hand decides on its own to reach into my pocket and grab my phone.  To avoid this temptation, some people purposely leave their phones on their desks or in their cars during meetings.

Protective Restraint – If you’re a successful professional with good leadership and communication skills, you are in demand.  People constantly try to get you to volunteer and participate in company-wide projects, committees and task forces that have nothing to do with your core responsibilities.  Politically, you need to accept some of these opportunities, but don’t allow yourself to be overwhelmed with “extra-curricular” activities.  If you do, it can be awfully difficult to focus on one thing at a time.

Jeff Beals shows you how to find better prospects, close more deals and capture greater market share.  Jeff is an international award-winning author, sought-after keynote speaker, and accomplished sales consultant. A frequent media guest, Jeff has been featured in Investor’s Business Daily, USA Today, Men’s Health, Chicago Tribune and The New York Times.”

Here’s Why Should You Choose Jeff Beals as Your Next Speaker:

“Jeff Beals has presented four different topics at five of our internal events in 2016. At each event, the audience of commercial real estate principals and agents was completely engaged and motivated the entire time. Jeff facilitates his training sessions in such a way that each member of the audience was able to relate and understand how to apply it every day in the field. Jeff is brilliant, and we have hired him to continue speaking at our events in 2017!” – Lindsay Fierro, Senior Vice President, NAI Global, New York, NY

“Your workshop was a huge experience for our attendees by giving them the opportunity to improve their work in the critical environment in which we are living today. Your talent as a speaker and your qualities as a person made the difference during your time with us. I would certainly recommend you to anyone who asks.” – Ana Paula Costa, Educational Planner, Febracorp, Sao Paulo, Brazil

I’m in Phoenix and had breakfast earlier this morning with our semi-retired sales representative who is doing some continued work for us here.  He attended your sales meeting last week and told me that in 43 years of selling, you were the best he had ever heard.  Thanks for a great experience.” – Drew Vogel, President & CEO, Diamond Vogel Paints, Orange City, IA

“Our corporate partnership team had great takeaways regarding how to network smarter while also understanding the importance of our personal brand to current and prospective partners. Jeff does a great job weaving in real-world examples and how you can apply his teachings to growing your business and building long-term partnerships.” – Jason Booker, Senior Director of Corporate Sponsorships, The Kansas City Royals Major League Baseball Team

+1-402-637-9300

info@jeffbeals.com

Important Differences Between Sales Leaders and Sales Managers

By Jeff Beals

A sales manager is the person responsible for making sure the sales staff is in place, equipped to succeed and motivated to compete. Good sales managers think quickly on their feet and take immediate, decisive actions to mitigate any threat to the organization’s ability to sell.

Sales managers facilitate the sales process and protect the organization’s ability to do deals. While the term “sales manager” is the typical, generally accepted title of the person in charge of sales, the term “sales leader” is more appropriate. A manager supervises details. He or she makes sure tactical work is accomplished in an efficient manner. A leader makes sure those tactical tasks are completed but sees the business from a broader, more global perspective.

Even if your company is a small one, with only one person in charge of the sales staff, sales leadership is more important than sales management. The sales leader empowers the sales staff to carry out their work and rewards them for deals completed. Anyone who serves as a company’s sales manager would be wise to see himself or herself as a leader and behave accordingly.

As the sales leader, you need to carefully analyze employees’ personalities and push the right buttons to help them succeed at the highest levels. Urge them to accomplish more while still setting them up for success.

“It’s putting people in stretch assignments,” said Joe Moglia, former CEO of TD Ameritrade.

Moglia believes two primary things are critically important when choosing people for a job and when assigning new goals to an existing employee: alignment and listening. You can’t succeed with one and not the other. The leader must thoroughly understand the assignment and the people being considered for it. The most talented people in the world will fail if their personalities and abilities are not in alignment with the job. When it comes to listening, the leader must ask the right questions and then focus on what employees say and what body language they exhibit. Listen to find out whether the staff member is really excited about the assignment.

Effective sales managers accept responsibility. They realize that they are in charge and accountable for what happens, but they don’t see themselves as bosses. A leader is not a foreman. As a leader, you must depend on the abilities and hard work of your staff members. A successful sales leader is one who establishes interdependence. He or she trusts and depends on the staff while the staff trusts the sales leader to guide, provide resources and create a safe, pro-selling atmosphere.

Sales leaders have so many responsibilities – recruiting reps, training them, keeping them motivated, forecasting/budgeting, working closely with marketing, etc. – but there is one area of a sales leader’s job that is crucially important but often underrated: resource acquisition.

The most effective sales leaders do what it takes to make sure their sales teams have the tools and budget they need to close deals.

Attracting new clients is so important that every organization should devote considerable resources. That said, not all do. Leaders of various organizational departments in a company jockey and position for resources. Some are better at it than others. If the sales leader isn’t good at playing corporate politics, the sales staff might be at a resource disadvantage against the competition.

If you’re a sales leader, do not let this happen. One of your most important duties is to provide your sales team with everything it needs to succeed. You don’t ever want to give your salespersons an excuse for not performing. Lack of resources is a convenient excuse for a sales person but should not be an excuse for a sales leader.

One of the best ways to ensure abundant sales resources is to establish your personal clout inside your organization. This is accomplished by doing good work and practicing good internal politics.

Clout is affected by timing. Make a pitch for greater sales resources right after you score a high-profile victory. Make the pitch when the higher-ups most value you and believe they could least afford to lose you.

ATTENTION SALES LEADERS:

If you hold a leadership position in sales, I have the perfect resource to help you become even more successful!

It’s called the “Sales Leader Mastermind Group,” and it kicks off this fall.  I will personally lead and facilitate this group along with my partner Beth Mastre.  I’m recruiting members for it right now.  There are four in-person meetings per year – All the other meetings are virtual, so you can join in no matter where in the world you might be.  My mastermind group members will also have their own personal discussion forum.

Sales leadership can be a lonely existence.  Joining this group will help you create a stronger sales culture, attract talented sales reps and drive more revenue while you better manage both your personal and professional life. Click here to see an info piece about this mastermind or contact me personally at (402) 510-7468.

7 Reasons Why You Should Join a Mastermind Group This Year

thinkgrowrich-napoleonhill

By Jeff Beals
 
Napoleon Hill wrote one of the most popular business books of all time back in 1937. It was called Think and Grow Rich, and in the 80 years since it was published, more than 100 million copies have been sold.

Though it was released during the Great Depression Think and Grow Rich remains shockingly relevant for professionals working in the 21st Century.  The book was the result of Hill’s 20-year study of highly successful individuals who had amassed great personal wealth.

After studying the habits of exceptional people, Hill developed 13 achievement philosophies that lead to success.  One of those philosophies was called, “The Power of Master Mind.”

That’s right…Napoleon Hill invited the mastermind group.

In 2017, sales professionals are joining mastermind groups like crazy. They have become super popular over the past five to 10 years even though Hill wrote about them eight decades ago.

What’s a mastermind group?

It’s a group of professionals, usually about eight to 15 of them, who meet on a regular basis to help each other be more successful in a confidential setting.  Leadership can be lonely, because there simply aren’t a lot of places you can seek guidance inside your organization without compromising confidential information or admitting your personal weaknesses.

“The Mastermind principle consists of an alliance of two or more minds working in perfect harmony for the attainment of a common definite objective,” Hill wrote. “Success does not come without the cooperation of others.”

I benefit from membership in a mastermind group. I’m part of a mastermind group of 52 sales speakers/consultants located around the world.  We’re ostensibly competitors, but we help each other be successful.  We view the world from an abundance mentality, which means we work together to increase the size of the pie rather than fighting for pieces of a smaller pie.  Just today, one member of our mastermind group sent a message on our private discussion forum seeking advice as to how she could better serve one of her clients.  Several mastermind members chimed in with ideas.

If you are asked to join a well-structured mastermind group consisting of high-quality people, consider yourself lucky.  You should probably jump at the opportunity.  Actively and enthusiastically participating in a mastermind group is hand-down one of the single best things you can do to up your game and improve your life.  Here are seven reasons why:

1. You’re no longer on a deserted island.  Once you join a mastermind group, you’re no longer alone.  Instead, you’re part of a confidential group of outstanding leaders.  Many masterminds allow only one person per industry.  That means you can openly share information without your direct competitors hearing about it.

2. You gain transferable knowledge.  The legendary businessman Henry Ford visited a beef packing plant in Chicago many years ago. Ford took great interest in the way workers processed the beef from whole carcasses into small cuts of ready-to-sell meat. As he observed, it occurred to Ford that if the process was reversed, all the cuts would go back together to form a whole steer carcass again. The metaphorical light bulb switched on in Ford’s head. “I can build automobiles this way,” he thought. Ford returned home to Detroit and promptly created the famous assembly line.

If your mastermind group includes people from different industries, you can learn amazing ideas and apply them to your industry allowing you to jump ahead of your competitors.

3. You constantly learn new things.  In The 7 Habits of Highly Effective People, Stephen Covey advises us to regularly “sharpen the saw,” meaning we take time to open our minds and increase our skills.  Your profession is constantly changing; a mastermind group can help you stay on the cutting edge.

4. You develop better habits.  A good mastermind is highly supportive yet also holds you accountable. If you say you’re going to tackle a new project one month, your fellow mastermind group members will expect to hear about your experiences the next month.  This helps you avoid procrastination.

5. You benefit from a “personal board of directors.”  A mastermind group functions as your own advisory board. You can go to them and seek counsel for just about anything.  Peer-to-peer advising is incredibly powerful because it allows you to get things off your chest, figure out what to do before you do it and discuss possible outcomes before they happen.  Just think how successful you can be when you have a group of people who are invested in your success just as you are invested in theirs.

6. You might find new clients. While this isn’t necessary an expressed benefit of many mastermind groups, some of your fellow members might be ideal clients for your organization.  Mastermind members tend to become friends. They bond together.  There’s nobody better to do business with than somebody you completely trust.

7.  You become more confident.  When you have the opportunity to discuss the pros and cons of a potential decision with a group of talented and experienced people, you will carry out your decisions with much more confidence.

While mastermind groups are indeed powerful, don’t join one unless you are ready to give it your full commitment. It does require time and effort.  If you can’t find one that suits your needs, you might just start one yourself!

Hey, if you have a leadership position in sales, I have the perfect mastermind group for you!  It’s called the “Sales Leader Mastermind Group,” and it kicks off this fall.  I will personally lead and facilitate this group along with my partner Beth Mastre.  I’m recruiting members for it right now.  There are four in-person meetings per year – All the other meetings are virtual, so you can join in no matter where in the world you might be.  My mastermind group members will also have their own personal discussion forum.

Sales leadership can be a lonely existence.  Joining this group will help you create a stronger sales culture, attract talented sales reps and drive more revenue while you better manage both your personal and professional life. Click here to see an info piece about this mastermind or contact me personally at (402) 510-7468.

Jeff Beals shows you how to find better prospects, close more deals and capture greater market share.  Jeff is an international award-winning author, sought-after keynote speaker, and accomplished sales consultant. A frequent media guest, Jeff has been featured in Investor’s Business Daily, USA Today, Men’s Health, Chicago Tribune and The New York Times.”

Here’s Why Should You Choose Jeff Beals as Your Next Speaker:

“Jeff Beals has presented four different topics at five of our internal events in 2016. At each event, the audience of commercial real estate principals and agents was completely engaged and motivated the entire time. Jeff facilitates his training sessions in such a way that each member of the audience was able to relate and understand how to apply it every day in the field. Jeff is brilliant, and we have hired him to continue speaking at our events in 2017!” – Lindsay Fierro, Senior Vice President, NAI Global, New York, NY

“Your workshop was a huge experience for our attendees by giving them the opportunity to improve their work in the critical environment in which we are living today. Your talent as a speaker and your qualities as a person made the difference during your time with us. I would certainly recommend you to anyone who asks.” – Ana Paula Costa, Educational Planner, Febracorp, Sao Paulo, Brazil

I’m in Phoenix and had breakfast earlier this morning with our semi-retired sales representative who is doing some continued work for us here.  He attended your sales meeting last week and told me that in 43 years of selling, you were the best he had ever heard.  Thanks for a great experience.” – Drew Vogel, President & CEO, Diamond Vogel Paints, Orange City, IA

“Our corporate partnership team had great takeaways regarding how to network smarter while also understanding the importance of our personal brand to current and prospective partners. Jeff does a great job weaving in real-world examples and how you can apply his teachings to growing your business and building long-term partnerships.” – Jason Booker, Senior Director of Corporate Sponsorships, The Kansas City Royals Major League Baseball Team

+1-402-637-9300

info@jeffbeals.com

Replying to RFPs Is a Waste of Time (Most of the Time)

By Jeff Beals

When I was in high school (circa 1986), I auditioned for a couple of Hollywood movies.  One of the movies was being filmed here in my hometown while the other one held auditions here in addition to several other cities. I tried out just for fun, and knowing the long odds, I never expected to be chosen.  Though I wasn’t offered a part in either film, the experiences were eye opening for a 17-year-old kid.

The first audition was a positive experience. It was a comedy film written for a teenage audience. I tried out for the lead role, which was fittingly enough, a nerdy high school kid who was forced to fight an intimidating bully who had just transferred in from another school. I had an appointed time to show up and spent about 30 minutes with the casting director and his entourage. I read several scenes and then answered interview questions. I felt like I was actually being considered for the part.

The second audition was a “cattle call,” in which several hundred would-be movie stars showed up at a local hotel ballroom. After waiting a couple hours, I was brought into a separate room with a group of six other guys. They lined us up, looked at each of us in comparison to one another and then told half of us to go home. I was one of the guys told to leave.  That was it.  I waited for hours only to be sent packing having never said a word.

Do you want to know why I received so much more attention in the first audition than the second?  I was actually recommended for the first movie by a local talent agency that had been hired by the movie producers.  At the second audition, I was just one of 250 nameless, faceless unknowns.

Why do I tell you this story?

Because it reminds me of the Request-for-Proposal (RFP) process in the world of sales.  As a general rule, I hate RFPs and I only respond to them under rare circumstances.

I hate RFPs, because they are just like that cattle-call movie audition. Think about it this way:

  • A company decides it needs a new vendor, so several employees sit down and think of all the things they do and don’t want and then dream up a bunch of hoops for would-be vendors to jump through.
  • They send the RFP to every potential vendor they can think of.
  • Prospective vendors practically do backflips trying to meet all the RFP requirements and end up rushing to meet the deadline.
  • The company that issued the RFP then examines all the proposals that were submitted and compares them.  Ultimately, they decide that some of the proposals are basically offering the same products/services, so they choose the lowest-priced bid.
  • And it can get even worse.  The finalists are sometimes pitted against each other in a bidding war to see who is willing to discount their price to the lowest number. It’s a race to the bottom.
  • The “winner” ends up doing a lot of work for too little money.

This is not a recipe for high profitability.

Generally speaking, I recommend you respond to RFPs only when your relationship with the client is so strong that you are essentially guaranteed of winning.  Some companies have policies requiring that vendor relationships go out to bid periodically. If this is the case at one of your best client companies, tell them you will help write the RFP.  You can then write the RFP to favor you and the way you do business.

If you don’t write the RFP or at least have heavy influence on the RFP, it very well could be an expensive waste of your time replying to the RFP.  An exception would be when the RFP is a mere formality designed to make shareholders feel better and you are the pre-chosen winner.

Now, I realize that there are some industries where RFPs are a rooted part of the culture. In other words, they’re so common that there’s no getting around them.  That’s not the case in most industries.  When at all possible, avoid RFPs.  Just like the cattle-call audition, you have little chance of winning.  Meanwhile, you spend tons of time and money preparing a proposal and get no revenue in return. If by some miracle, you are chosen, you’re probably going to get skewered on price.

Just say “no” to RFPs!

By the way, that movie for which I was actually considered turned out to be a box-office flop, earning only $1.5 million during its opening weekend. But it did play on cable television for many years.  To this day, I’ve never watched the entire show but have seen bits and pieces of it.  I’ll never forget the first time I stumbled upon it. I was flipping through television channels and landed on something that looked mildly interesting.  As I started watching the show, it felt so familiar. Then I realized that I was watching the very scene I read during that audition.  It was fun to think what could have been…

The Agenda: Part II of “How Can You Get People to Show Up for Your Sales Meetings?”

By Jeff Beals

Why do so many salespeople avoid sales meetings?  Why do some reps consider sales meetings to be just one step above pain, suffering and disease?  Part of the problem might be the structure of your meetings.

Too many sales meetings meander haphazardly from one topic to another without much purpose. Too many sales leaders wing it, showing up without a thoughtful agenda, and even worse, no real justification for holding the meeting.

During such meetings, attendees are generally disengaged until someone brings up a controversial subject. Only then, as the meeting becomes a gripe-fest, do people perk up and pay attention.

Never hold a sales meeting just for the sake of holding a meeting.  If the meeting doesn’t improve skills, encourage communication and foster trust, you’re wasting everybody’s time.

Last week, I wrote about some ways you could entice people to show up for your sales meetings. This week, I’m going to talk about the essential components of a meeting agenda.  You don’t have time for all of these agenda items at each meeting, so pick and choose which ones are best for you at any given time:

Celebrations of Success – In this part of the meeting, highlight the major sales that have been closed in the past week.  Discussing these completed deals boosts morale and also provides an opportunity for other sales reps to learn from the experience.

Pending Deals – Highlight transactions that are in the queue but not yet closed.  This will give everyone an idea of what business/revenue is on its way. Be careful about this section, however, as some sales reps are superstitious and don’t like to count their chickens before they hatch.

Announcements – Every sales meeting should have a “housekeeping” section in which you inform attendees about important details and events in the company.  Communication (or lack thereof) is a major complaint of salespeople and a big cause of their discontent.  While this agenda item is quite important, only spend the minimum amount of time necessary on it during the meeting. I’ve seen way too many sales meetings get sidetracked by unnecessary discussion related to simple announcements.  Read the announcements quickly then move on! Send an announcement summary email immediately following the meeting in which you reiterate the important announcement details.

Rumors in the Marketplace – Open the floor for attendees to share what they’ve heard about competitors, potential clients and about macro issues that could have an impact on your company.  Your sales force is out and about in the field every day, so they are collectively a tremendous source of intel.

Sales Training – No matter how long you’ve been in the sales game, you can always get better.  You probably won’t have time to do this at every meeting, but periodically bring in an expert speaker to help your team improve its prospecting, qualifying and closing skills.

Lessons of the Week – Here is a chance for one or more of your sales reps to share their experiences. Use it as a way to educate the entire group about the pitfalls and barriers sales reps encountered and how they either successfully overcame them or failed because of them.  This type of learning is immeasurably valuable and ultimately develops a set of best practices for your company’s sales department.

Internal Guest Speakers – Invite a key person from one your company’s operating units. Have him or her provide updates on important products or services.  It is obviously important that sales reps are up on all the important aspects of what they sell.

Marketing Demonstrations – Regularly invite representatives from the marketing department to go over new campaigns. Ask the marketing rep to show new ads, videos, mailings, social media posts, websites, etc.  Life is easier when salespeople and marketing employees work hand in glove.

Group Counseling – One way to get sales reps to bond with each other is to have them help each other out.  During this segment of the meeting, ask a rep to bring up a problem he or she is having with a difficult client or prospect. Invite the rest of the group to give input, ideas and advice. This can be immensely beneficial for the person with the client issue and educational for everyone else. Perhaps most importantly, it brings the sales reps together as a team.

Discussion Time – Some sales leaders ask their reps to read an article before the meeting and then have the group discuss it. It could be an industry-related article or a sales-and-marketing article.  If you do this, choose an article that is short, reads easily and has valuable content. An article that provides a new way of looking at a common problem tends to be received the most enthusiastically.

Jeff Beals shows you how to find better prospects, close more deals and capture greater market share.  Jeff is an international award-winning author, sought-after keynote speaker, and accomplished sales consultant. A frequent media guest, Jeff has been featured in Investor’s Business Daily, USA Today, Men’s Health, Chicago Tribune and The New York Times.”

Here’s Why Should You Choose Jeff Beals as Your Next Speaker:

“Jeff Beals has presented four different topics at five of our internal events in 2016. At each event, the audience of commercial real estate principals and agents was completely engaged and motivated the entire time. Jeff facilitates his training sessions in such a way that each member of the audience was able to relate and understand how to apply it every day in the field. Jeff is brilliant, and we have hired him to continue speaking at our events in 2017!” – Lindsay Fierro, Senior Vice President, NAI Global, New York, NY

“Your workshop was a huge experience for our attendees by giving them the opportunity to improve their work in the critical environment in which we are living today. Your talent as a speaker and your qualities as a person made the difference during your time with us. I would certainly recommend you to anyone who asks.” – Ana Paula Costa, Educational Planner, Febracorp, Sao Paulo, Brazil

I’m in Phoenix and had breakfast earlier this morning with our semi-retired sales representative who is doing some continued work for us here.  He attended your sales meeting last week and told me that in 43 years of selling, you were the best he had ever heard.  Thanks for a great experience.” – Drew Vogel, President & CEO, Diamond Vogel Paints, Orange City, IA

“Our corporate partnership team had great takeaways regarding how to network smarter while also understanding the importance of our personal brand to current and prospective partners. Jeff does a great job weaving in real-world examples and how you can apply his teachings to growing your business and building long-term partnerships.” – Jason Booker, Senior Director of Corporate Sponsorships, The Kansas City Royals Major League Baseball Team

+1-402-637-9300

info@jeffbeals.com